Entries by Alex - Chart Freak

Is That Toast You Have There?

February 4, 2016 /72 Comments/in /by

2 Charts of the $USD - Can you believe that I drew this drop in the dollar a week ago? It was based on the first drop that took place in early December.  Lets look at the dollar as of yesterday.

USD 1-26

$USD Wednesday - This may be a piece of toast and what might that do for Gold?

USD 2-3

Let me give you a quick idea ...

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Never A Straight Path

February 3, 2016 /56 Comments/in /by

The twists and turns of the markets continue.  There is so much going on , that this is like a weekend report, with 22 charts.  Lets take a closer look.

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SPY -  After hitting some overhead resistance , yesterdays sell off remains within acceptable parameters, however...

SPY 2-2

The BANKING INDEX still looks ugly.

BKX 2-2

This is GS for example. 

GS 2-2

Will markets keep rising with an ugly banking sector?  Lets dig deeper...

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Public Report – Precious Metals Activity

February 1, 2016 in /by

When I drew this chart in December, I was pointing out that I expected the Markets to be topping and Precious metals to possibly be bottoming.  Notice how the 2000 top in the SPX coincided with Miners bottoming.  Also notice how much that 2000 top looked like the markets in December.

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SPX & MINERS

Well, we certainly did see the markets drop though out  almost all of January.

We had a 6 week believable rally out of the summer crash that got the Bulls long again.  I expect that we may something similar now.  But can we say that Miners bottomed,  at least temporarily?

SPX WKLY 1-29

Lets look at Precious Metals

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Part 2 – They Bought Something, Did You?

February 1, 2016 /35 Comments/in /by

Over the past few weeks , there have been a lot of buying opportunities. Long precious Metals,  ETFs that allow you to Short the markets, etc.  I have about about 50 more charts  (in addition to Part 1 of this weekend report) to further  discuss the buying opportunities currently forming.  To the charts ...

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When The NASDAQ back tested that break...

QQQ 1-27

You could have bought TQQQ low risk at $80 with a stop right below the lows. Since  I think there is more upside, it is still a buy if you ask me. Especially if we get a dip in the markets. See also ETFs like UPRO, SOX, AND TNA

TQQQ

There is much more...

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1-29 Wkend Report: It’s Adding Up

January 31, 2016 /42 Comments/in /by

We are getting the follow through that we expected in many different areas of the Market.  The small pieces of the big picture continue to add up.   Will it continue?  Lets check the charts! 🙂

 

SPX Jan 27 - I pointed out that the drop mid week was normal, the same thing  happened coming out of the August lows. I still  expected a run higher.

SPX 1-27

SPX Jan 29 - Friday we got our follow through. 

SPX 1-29

Moves higher out of the lows  can be convincing, but will it lead to a break to new highs in a bull market,  or a bounce?

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PUBLIC POST – PROGRESS

January 29, 2016 /2 Comments/in /by

Lets review the movement in various areas of the market that we at Chartfreak have been charting.  We will look for Progress in what we have expected.

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SPX  Nov 20- We expected a back test and drop months ago when it seemed like EVERYONE was uber bullish

SPX wkly 11-20

DECEMBER -  H&S

SPX Breaks

Obviously we all know that January has been brutal for "longs', great for those "shorting". Is it over?   Well I do expect a good size bounce soon  ( multi week even) , but when everyone becomes bullish again, I'll be watching the downside ...

SPX 1-20

What about THE DOLLAR...

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1-29-2016 follow Up

January 29, 2016 /27 Comments/in /by

I wasn't planning on a Friday report, but Thursdays action in several areas was important enough that I wanted to share a few charts.  Also a reader  ( we shall call him  D.F.), pointed out an area of interest  that I will touch on here too.

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Lets start with the USD.  I saw weakness and have been saying that I expect it to drop. I posted these charts last week.

USD 1-22 wkly

USD 1-26

We have been in Gold & Miners for a while now, but a weak dollar could help Precious Metals and Commodities further.  I will cover this more in the weekend report ,  but for now, what did the Dollar do Thursday? 

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Dancing Markets

January 28, 2016 /45 Comments/in /by

The markets are always dancing around on a Fed Wednesday, and often the volatility spills over into Thursday.  Lets take a look at the charts and see what we can see.

SPX - The markets sold off after the Fed Decision.  I called for lows recently and I still expect higher prices to develop from a bounce.  You can see that this is how the markets moved coming out of the lows in August too. I do not expect the recent lows to be broken, but a little more downside is not out of the question. Please notice how difficult it would have been to trade the Lows in August/ September.

SPX 1-27

That being said,  the RUT / IWM looks like a bear flag, so lets look at a few other areas. 

Lets look at the NASDAQ...

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